NewtekOne Closes Private Offering of Senior Unsecured Notes Due 2030

MT Newswires Live

2025/03/20

NewtekOne (NEWT) said Thursday it completed a $30 million private offering of 8.375% senior unsecured notes due April 1, 2030.

The company said it received about $29.3 million in net proceeds and plans to use the funds to refinance debt and for general corporate purposes, including providing capital to Newtek Bank.

NEWT shares were up 1.6% in premarket trading Thursday.

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